Crypto

The FBI has confirmed that North Korean hackers were behind the $100 million cryptocurrency theft from Harmony’s Horizon Bridge last June. The cybercriminal group known as Lazarus Group, backed by the North Korean regime, carried out the audacious digital heist. The announcement verifies earlier findings by blockchain analysis firm Elliptic, the first to link the […]

Solana developers have released a new software update, version 1.17.31, which is now recommended for general use by mainnet validators. This update aims to tackle the congestion issues caused by the surge in meme coin trading activity on the network. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains […]

In the world of cryptocurrency, particularly Bitcoin, investors and traders are anxiously waiting for signs of another great bull run like those seen before. The Mean Dollar Invested Age is often closely analyzed by analysts who are looking for a key indicator that traces the average time an asset has existed in a particular wallet, […]

As early as Monday, Hong Kong is set to greenlight the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether. This major development involves key financial players, such as an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital. […]

Coinbase has filed a motion to appeal a judge’s ruling from last month that allowed the SEC’s lawsuit against the company to move forward. Coinbase’s chief legal officer, Paul Grewal, announced the appeal in an X post today. The appeal, if granted, would enable the Second Circuit Court to review the US Securities and Exchange […]

Bitfinex Securities revealed today its intentions to initiate a tokenized debt offering to raise $6.25 million. This capital will be used to develop a Hampton by Hilton hotel complex at El Salvador’s international airport. The company, Bitfinex Securities El Salvador S.A. de C.V., is a major player in tokenized securities. Businesses leverage the blockchain to […]

Solana has once again become one of the prominent players in cryptocurrency that has made tremendous strides. According to a Messari State of Solana Q1 2024 report, Solana recorded one of the most significant gains in its average daily spot DEX volume, which moved up with a whooping percentage from $1.5 billion to approximately 319% q/q. […]

ZA Bank, a digital bank in Hong Kong, is in talks with potential stablecoin issuers about opening accounts to hold the cash reserves backing these cryptocurrency tokens. This development was reported by Bloomberg, citing Devon Sin, the General Manager of Business Banking and lending at ZA Bank. Sin evidenced that the company handles five to […]

In a significant development in cryptocurrencies, a jury in the United States District Court for the Southern District of New York found Terraform Labs and Do Kwon liable for defrauding investors in crypto asset securities. In an April 5 announcement, SEC Enforcement Director Gurbir Grewal said jurors in the U.S. District Court for the Southern […]